Get Home Loans at 0% Interest. Find out Details!

Copenhagen, 8/1: In a surprise move, Banks in Denmark are providing 20-year home loans to the citizens at a fixed interest rate of zero. Denmark has a negative central bank interest rates since 2012. It is longer than any other country.

Nordea Bank Abp can, a home finance company is providing such offers. The policy makers brought their rate below zero in 2012, the homeowners in the country have benefitted from a continuing slide in rates for borrowing.

Another bank Jyske Bank had started offering homeowners a 10-year deal at -0.5%, the world’s first negative interest rate home loan.